Voleon Capital Management LP Boosts Position in PepsiCo, Inc. $PEP

Key Points

• Voleon Capital Management LP increased its stake in PepsiCo, Inc. by 34.2%, acquiring an additional 25,576 shares, bringing its total holdings to 100,275 shares valued at approximately $15 million.
• PepsiCo's quarterly earnings beat expectations with $2.12 per share reported, surpassing analysts' estimates of $2.03, while the company also announced a quarterly dividend of $1.4225 per share.
• Recent analyst ratings show a consensus 'Hold' rating for PepsiCo, with target prices ranging from $139 to $168, reflecting varying outlooks among financial institutions.

Voleon Capital Management LP increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 34.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,275 shares of the company's stock after purchasing an additional 25,576 shares during the period. PepsiCo accounts for about 1.2% of Voleon Capital Management LP's holdings, making the stock its 11th biggest holding. Voleon Capital Management LP's holdings in PepsiCo were worth $15,035,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Elite Financial Inc. acquired a new position in PepsiCo in the 1st quarter valued at about $28,000. Measured Risk Portfolios Inc. purchased a new stake in PepsiCo during the fourth quarter worth approximately $31,000. Sunbeam Capital Management LLC purchased a new stake in shares of PepsiCo in the 4th quarter valued at about $47,000. MorganRosel Wealth Management LLC acquired a new position in PepsiCo during the first quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in PepsiCo during the first quarter worth approximately $58,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on PEP shares. Morgan Stanley increased their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $146.00 target price on shares of PepsiCo in a research report on Wednesday, September 3rd. Citigroup lifted their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Wells Fargo & Company lifted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Finally, Bank of America reduced their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, PepsiCo has an average rating of "Hold" and a consensus target price of $158.60.

PepsiCo Price Performance

Shares of PEP stock traded up $1.39 during trading hours on Tuesday, hitting $143.10. The company's stock had a trading volume of 5,852,496 shares, compared to its average volume of 8,398,995. The business has a fifty day moving average of $143.35 and a 200-day moving average of $140.74. The stock has a market cap of $195.92 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.43. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.